Tuesday, February 21, 2023

Online fashion retailer Zalando to lay off hundreds of employees

In its last quarterly earnings report in November, Zalando said it expected full-year revenues and operating profit to reach the lower end of its target range, citing sluggish consumer sentiment and high inflation.

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Mercedes plans bigger India play with greater localisation of parts

Mercedes-Benz plans to increase its local manufacturing efforts while expanding its supplier base in India. The luxury carmaker expects to a...